1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Natasha2012 [34]
3 years ago
9

Blossom Corporation had income from continuing operations of $10,895,300 in 2020. During 2020, it disposed of its restaurant div

ision at an after-tax loss of $194,400. Prior to disposal, the division operated at a loss of $321,800 (net of tax) in 2020 (assume that the disposal of the restaurant division meets the criteria for recognition as a discontinued operation). Blossom had 10,000,000 shares of common stock outstanding during 2020. Prepare a partial income statement for Blossom beginning with income from continuing operations. (Round earnings per share to 2 decimal places, eg. 1.48.)
BLOSSOM CORPORATION
Income Statement (Partial) $
Business
1 answer:
pantera1 [17]3 years ago
8 0

Answer and Explanation:

The preparation of the partial income statement is presented below:

                                     Blossom Corporation

                                    Income Statement (Partial)

                                          For the Year 2020

Particulars                                                            Amount (in $)

Income from continuing operations                     10,895,300

Income from discontinued operations:  

Less:

Loss from disposal of Restaurant net of tax                 -194,400  

Loss from the operation of discontinued                     -321,800  

Total expense                                                                -516,200

Net income                                                                 10,379,100

Earning per share  

Income from continued operations (10,895,300 ÷10,000,000)  $1.09

Loss from discontinued operations (516,200 ÷ 10,000,000)      ($0.05)

Earning per share  $1.04

You might be interested in
When deciding whether a business concept is
Ivanshal [37]

Answer:

no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no

4 0
3 years ago
Often, products enter the Blank______ stage of the product life cycle not due to any error in strategy but because of environmen
Anna35 [415]

Often, products enter decline the  stage of the product life cycle not due to any error in strategy but because of environmental changes.

<h3>What is product life cycle?</h3>

A product life cycle is the amount of time a product goes from being introduced into the market until it's taken off the shelves. There are four stages in a product's life cycle—introduction, growth, maturity, and decline.

<h3>What is the decline stage?</h3>

The final stage of the product life cycle (after introductory stage, growth stage and maturity stage) when sales are dropping because the original need and want have diminished or because another product innovation has been introduced.

The sales of most products will decline at some stage. This can be due to factors such as technological advances, trends, innovation or changing consumer tastes. You will know when your product reaches the decline stage of its life cycle because you will notice a significant downturn in the revenue it generates.

Learn more about Decline Stage of Product on:

brainly.com/question/6960017

#SPJ4

4 0
1 year ago
"The forward rate of the Swiss franc is $.50. The spot rate of the Swiss franc is $.48. The following interest rates exist: You
GuDViN [60]

Answer:

$96,914

Explanation:

 360‑day borrowing rate in  Swiss as given is 5%

rate =  100 + 5 = 105%

Total = 200,000/105% = SF190,476

The spot rate of the Swiss franc is $.48

Therefore SF190,476 = SF190,476  × $.48 = $91,428

360‑day deposit rate in  US as given       6%

Total Invest = 6 % of $91,428 + $91,428

= $5485.68 + $91,428 = $96,914

8 0
3 years ago
Jackson says that his fifth game of chess gave him greater utility than his first, and therefore the law of diminishing marginal
iris [78.8K]

Answer:

the fifth game of chess is a different good than the first game of chess.

Explanation:

In this scenario Jackson says that the fifth game of chess gave him more utility than the first game he played. This goes against the law of diminishing marginal utility which states that the utility a consumer gains from consuming a good diminishes as more of the good is consumed.

The logical explanation an economist will give is that the fifth game was a different product than the first game. So the utility between the products are different.

In such a situation it is possible that the utility from the fifth game is higher than that of the first game

6 0
3 years ago
Which of the following scenarios are potential candidates for the Chi-square test? Check all that apply. Group of answer choices
ahrayia [7]

Answer:

A. Is there a relationship between gender and pet ownership?

B. Is there a relationship between marital status (single, married, divorced, widowed) and political party affiliation (Democrat, Independent, Republican)?

Explanation:

The chi squared test is a test in statistics used to establish the relationship between categorical variables. It seeks to compare the observed results in an experiment to the expected results. The test assumes that the variables being compared are independent of each other.

Categorical variables are descriptive and qualitative in nature. Numerical variables, on the other hand, deal with numbers. The amount of credit card debt is a numerical value, and therefore, does not qualify as a chi squared variable.

3 0
3 years ago
Other questions:
  • You’ve been called in to consult with a small startup company that needs advice on how to set up its computer systems and networ
    14·1 answer
  • The monthly bank statement has to be compared with the:
    9·1 answer
  • The desire to own something and the ability and willingness to pay for it
    10·1 answer
  • The project team toiled long into the night to develop consequence of failure scores and probability of failure scores as indica
    6·1 answer
  • Suppose the Fed decides to increase the money supply. It purchases a government bond worth $2,000 from Antonia, a private citize
    6·1 answer
  • Division X makes a part with the following characteristics:
    11·1 answer
  • Why can you win a presidential election without winning the most individual votes?
    13·2 answers
  • A car manufacturer ordered 20,000 window assemblies from a supplier. To make sure the assemblies were made to specifications, th
    10·1 answer
  • In order to make an informed career decision, a high school student will want to:
    5·2 answers
  • Choose the strategy of following scenarios whether it describe business level or corporate level.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!